Examlex
The Three-R's strategy of policing includes the random preventive patrol, patrol officer rapid response rates, and the one-size-fits-all approach.
Price Floor
A government or group-imposed price control or limit on how low a price can be charged for a product, above the equilibrium price.
Consumer Surplus
The discrepancy between the total price consumers are willing to pay for a service or good versus what they actually spend on it.
Consumer Surplus
The difference between what consumers are willing to pay for a good or service compared to what they actually pay.
Consumer Surplus
The difference between the total amount that consumers are willing to pay and the total amount they actually pay.
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